ALLSTATE CORP
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Protection Services
Protection Services Segment Results
Protection Services Segment
| Summarized financial information | ||||||
|---|---|---|---|---|---|---|
| ($ in millions) · Three months ended September 30, · Nine months ended September 30, | ||||||
| 2025 · 2024 · 2025 · 2024 | ||||||
| Premiums written | $749 | $678 | $2,139 | $1,981 | ||
| Revenues | ||||||
| Premiums | $720 | $639 | $2,086 | $1,864 | ||
| Other revenue | 124 | 110 | 363 | 293 | ||
| Intersegment insurance premiums and service fees (1) | 33 | 49 | 106 | 123 | ||
| Net investment income | 25 | 24 | 74 | 68 | ||
| Costs and expenses | ||||||
| Claims and claims expense | (193) | (166) | (524) | (481) | ||
| Amortization of DAC | (337) | (304) | (983) | (889) | ||
| Operating costs and expenses | (310) | (280) | (909) | (760) | ||
| Restructuring and related charges | (1) | — | (2) | (1) | ||
| Income tax expense on operations | (16) | (15) | (51) | (51) | ||
| Less: noncontrolling interest | (1) | (1) | (1) | (1) | ||
| Adjusted net income | $46 | $58 | $161 | $167 | ||
| Protection Plans | $34 | $39 | $130 | $120 | ||
| Roadside | 12 | 10 | 34 | 29 | ||
| Dealer Services | 6 | 5 | 14 | 17 | ||
| Identity Protection | 2 | 3 | 5 | 6 | ||
| Arity | (8) | 1 | (22) | (5) | ||
| Adjusted net income | $46 | $58 | $161 | $167 | ||
| Policies in force | ||||||
| Protection Plans | 163,451 | 156,818 | ||||
| Roadside | 1,119 | 670 | ||||
| Dealer Services | 3,681 | 3,703 | ||||
| Identity Protection | 2,694 | 2,538 | ||||
| Policies in force as of September 30 (in thousands) | 170,945 | 163,729 | ||||
(1)Primarily related to Arity and Roadside and are eliminated in our condensed consolidated financial statements.
Premiums written increased 10.5% or $71 million in the third quarter of 2025 and increased 8.0% or $158 million in the first nine months of 2025 compared to the same periods of 2024, primarily due to international growth at Protection Plans.
Adjusted net income decreased 20.7% or $12 million in the third quarter of 2025 and decreased 3.6% or $6 million in the first nine months of 2025 compared to the same periods of 2024, primarily due to higher expenses at Arity and increased claims at Protection Plans, partially offset by premium growth at Protection Plans.
PIF increased 4.4% or 7 million as of September 30, 2025 compared to September 30, 2024 due to growth at Protection Plans.
Other revenue increased 12.7% or $14 million in the third quarter of 2025 and increased 23.9% or $70 million in the first nine months of 2025 compared to
the same periods of 2024, primarily due to higher lead generation revenue at Arity.
Intersegment premiums and service fees decreased 32.7% or $16 million in the third quarter of 2025 and decreased 13.8% or $17 million in the first nine months of 2025 compared to the same periods of 2024, primarily driven by Arity and Roadside.
Claims and claims expense increased 16.3% or $27 million in the third quarter of 2025 and increased 8.9% or $43 million in the first nine months of 2025 compared to the same periods of 2024, primarily driven by growth at Protection Plans.
Amortization of DAC increased 10.9% or $33 million in the third quarter of 2025 and increased 10.6% or $94 million in the first nine months of 2025 compared to the same periods of 2024, driven by growth at Protection Plans.
Third Quarter 2025 Form 10-Q 61
Segment Results Protection Services
Operating costs and expenses increased 10.7% or $30 million in the third quarter of 2025 and increased 19.6% or $149 million in the first nine months of 2025 compared to the same periods of 2024, primarily due to expenses related to growth at Protection Plans and Arity.
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